As of December 31, 2010, the Assets Listed on the Balance

Multiple Choice

As of December 31, 2010, the assets listed on the balance sheet of Bank A were $1.5 million in cash reserves and $6 million in outstanding loans to its customers.Its liabilities totaled $6.5 million in checking deposits.What was the bank's net worth on that date?

A) $1 million
B) $4.5 million
C) $5 million
D) $14 million
E) Zero